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The Milwaukee Bucks are a professional basketball team based in Milwaukee, Wisconsin. The Bucks compete in the National Basketball Association (NBA) as a member of the Eastern Conference's Central Division. The team was founded in 1968 as an expansion team, and play at the Fiserv Forum. The Bucks have won one NBA championship, two conference titles, and 13 division titles. They have featured some of the greatest players in the sport, including Kareem Abdul-Jabbar, Oscar Robertson, and current stars Giannis Antetokounmpo and Khris Middleton.
While the 2025 NBA free agency class is a down one and there are only a few teams with cap space, the offseason is expected to still be an intriguing and consequential one in terms of player movement via trades. Giannis Antetokounmpo is currently deciding his future with the Milwaukee Bucks, while Kevin Durant will be in trade conversations, and the Boston Celtics could make significant moves with their core due to luxury tax and apron concerns.
On the morning of the NBA draft lottery, Giannis Antetokounmpo was reportedly open-minded about his future with the Milwaukee Bucks. In the weeks since then, there have yet to be any concrete updates about what Antetokounmpo is thinking while the Bucks continue to hope they can convince him to remain with the franchise. The Bucks have limited ways of improving their roster this offseason, while Damian Lillard will likely miss the entire season as recovers from a torn Achilles.
Marc Larry believes the valuation of NBA franchises will continue to increase in the future, but the rate of growth will decrease. Lasry and Wes Edens bought a total 50 percent stake in the Milwaukee Bucks in 2014 at a valuation of $550 million. In 2023, Lasry sold his take at a $3.5 billion valuation, which represents a 218 percent increase.
Any potential trade deals involving Kevin Durant may not develop until teams around the league gain clarity over Giannis Antetokounmpo's situation with the Milwaukee Bucks, according to Marc Stein of The Stein Line.